In my last article, I explored why US-related developments have been catching my attention. I particularly focused on the Federal Reserve’s recent rate cut move.

Image created using www.canva.com

To my surprise, the Fed lowered rates by 0.50% instead of the expected 0.25%. This unexpected move was a shock, especially since, had I placed a trade based on my 0.25% prediction on Polymarket, I would have lost money.

Entertainment in Web3 by trading one’s prediction on buzzing topics on Polymarket!

I’m not really into the entertainment side of the crypto world, but I keep hearing about Polymarket in the news. It’s gaining a lot of attention as a popular Web3 prediction market. I have inferred from news headings that Polymarket has a prediction event for trading on who would win the American Presidential election — Trump vs Harris.

Polymarket

Trump’s shows himself off as a pro-BTC persona to make his presence felt in Web3

I often come across Web3 news where Trump, who was previously against cryptocurrencies, is now broadcasted as a crypto-friendly personality giving talks at the Bitcoin Conference.

There have been headlines about Trump NFTs, and the crypto community has been made alert to Trump’s immersion into the crypto world.
It’s interesting to hear that he has embraced Bitcoin and has plans to establish a Bitcoin Reserve Treasury.

This kind of news attracts crypto enthusiasts by appealing to their sentiments.

A true crypto enthusiast believes in the ideals of BTC not Trump’s crypto show-off!

I am still that crypto enthusiast who was drawn to Bitcoin passionately believing in its ideals. My enthusiasm for Bitcoin was so much I have made songs on it -

Bitcoin has the allure of giving one freedom and being a weapon against the political powers that control the financial system in nexus with big banks and giant corporations.

The structured fiat monetary economy makes these powers powerful as they have control over people by controlling their wealth denying them the right of wealth ownership. Their centralized fiscal policies determine the value of the currency that’s issued and controlled by them.

Certainly, Trump does not adopt a pro-crypto stance with intensions to empower the common person to own and have control over their wealth! He seems to be just a show off!

As a passionate believer in the ideals of Bitcoin, I shot off an article expressing my view that Trump can’t fool real crypto enthusiasts with his pro-Bitcoin narrative

So, when Trump began talking pro-Bitcoin stuff, I felt offended rather getting swayed feeling that Trump’s pitching this pro-Bitcoin stance not because of respecting its original ideals.

Source

This era is the time where companies are issuing Bitcoin ETFs, ownership of most Bitcoin will be in hands of big financial players and political entities again.

Now, politicians including Trump are finding ways to control wealth buying off the Bitcoins and using the value of these Bitcoins to power the monetary financial system that will still be controled by them.

Gone are the innocent days where Bitcoins could be brought at a affordable price by ordinary people to have ownership over their money.

AI generated image using https://www.freepik.com/ai/image-generator
No… that’s a silly minion if she thinks she can buy Bitcoin when she has money to buy bananas only!

Although, I am no longer that innocent Bitcoin lover who used to be crazy over Bitcoin like a minion is over the Bananas, I still believe in Bitcoin’s ideals passionately. This is why I very excitedly bought two Bitcoin t-shirts for myself this year, even if I don’t even own 1 Satoshi of BTC.

Check out this article on this t-shirt>>

This is why Trump attached my attention becoming news from the Web3 space.

Politicians see the potential of BTC to support their monetary system if USD crumbles

Image created using www.canva.com

Now, Trump and many politicians are having a plan to restore the monetary system should USD devalue completely someday.

This plan seems to be through building a National Bitcoin Reserve Fund. Here stored Bitcoins will support the value of USD to be stable. These people belong to the same groups who opposed El Salvador’ President Nayib Bukele for adopting the Bitcoin standard, and they are heading to a similar path them selves.

Bitcoin was not made for Governments to use, to stabilise their monetary system that tanks solely due to their monetary mismanagement!

Most visible Trump supporter funding his political campaigns — Elon Musk!

I encounter Elon Musk’s videos on Twitter praising Nayib for his pro-crypto stance, having chats with him.

Elon also praises Trump, and highlights his crypto-friendly nature. Now and then Elon too becomes entertainment bits in my content consumption space both on Web2 and Web3!

Crypto Enterprises exerting pressure on political parties to be accommodative through their funding

The idea that Trump can fool crypto enthusiasts upsets me.

Now, I further understand there is more towards Trump’s crypto-friendly show-off persona. I read news that crypto companies are donating large sums to fund political campaigns of political parties. Trump’s crypto-friendly outlook is mostly geared to win the support of these crypto companies.

Source

Public opinion views Democratic representatives as supporting hostile treatment of Web3 players.

I believe that most Web3 business corporations feel that Trump would be more open to implementing accommodating policies to help their businesses thrive, especially since under Harris as vice president of the current Democratic government, the treatment meted out to these Web3 businesses was harsh. We all know that news has been pouring in recent years about the SEC attacking all types of crypto players — centralized and decentralized.

The Entire Web3 community and industry is sick of SEC under Gary

I remember how again my sentiments were hurt when SEC declared ATOM crypto to be a security. I am a huge admirer of Cosmos Blockchain, if I had a crypto persona I would be Atom from Cosmos.

Cosmos as I have written in some of my other articles is a decentralised Blockchain that’s built decentralised interoperability protocols like IBC, making trustless cross-chain interoperability possible and SEC blatantly classified Cosmos as a security. Ouch!

Cosmos has an inspiring decentralized culture. The Blockchain is secured by decentralized validator sets, and there is an active Web3 Community Governance policy in practice that guides the development and other changes within Cosmos and its protocols. The transparency and implementation of amazing technology in Cosmos are commendable.

So, calling ATOM a security felt like jailing an innocent, while the guilty is out!

This has happened as well. I recall the close association between FTX CEO Friedman and the chair of the SEC. Friedman donated a significant amount of money to the associated political party and had a cordial relationship with Gary, while exchanges like Kraken, Binance, and Coinbase faced scrutiny from Gary.

We all know Friedman looted crypto investors, FTX was a bad actor in the crypto space, using investors funds to trade and make money. Yet, SEC did not discipline FTX in time and protect interests of investors did they??

Yes, this angers us crypto investors. Even I used to use FTX exchange and had my FTX tokens locked and it’s gone.

So, I can understand US crypto investors and Web3 enterprises gravitating towards Trump. After all he has promised he would sack Gary Gensler when he becomes president. Watch this >>

Watch this>>

Right, so this is Trump’s Web3 face, but let’s see his other faces outside Web3 and then let’s see how he fares overall!

Trump’s supports his anti-immigrant stand with unsubstantiated baseless claims

It seems that during the debate between Trump and Kamala Harris, Donald Trump expressed his anti-immigrant sentiments. Although I didn’t watch the debate, his argument seems to be that immigrants are a danger to America because they consume the pets of American residents, including both dogs and cats.

There’s a song on that part of speech Trump has given which has gone viral on Twitter.

Watch this Trump song >>

The song is fun no doubt but it’s evident that American citizens’ pets are not being eaten by immigrants. Therefore, Trump’s message lacks truth and has no substance. It’s clearly a baseless claim, and I have additional reasoning to support this which I will share soon.

I am not just a Web3 crypto enthusiast, I also value cats and dogs being a pet parent of two cats and having friendly bonds with community dogs. So, I should be moved by Trump’s pet safety concern speeches, and crypto-friendly speeches but I just feel he’s putting on this act to win the support of voters, donors, and specific interest groups.

Trump pours hate on cat lover Taylor Swift because she’s not rooting for him!

Source

Another time, I was reading news and I came across this piece.

I HATE TAYLOR SWIFT’ Trump posts on Truth Social after pop icon’s endorsement of Kamala Harris

Source

Trump, in typical fashion, posted a rant in capital letters on Truth Social, declaring, “I HATE TAYLOR SWIFT.” He had expressed these feelings as he got irritated with the pop star as she revealed that she was voting for Kamala Harris as President.

She was triggered to declare this publically because Trump had made false claims about Taylor and her fans supporting him by posting fake AI generated pictures of Taylor Swift and her fans supporting Trump in USA’s presidential race.

Taylor’s a cat lover, as is evident in the picture in her Instagram post. She had listened to that debate where Trump expressed his Pet saving intentions but is voting for Kamala Harris.

So obviously other pet lovers can see that Trump did a bluff! For us pet owners, eating pets or even other dogs or cats is almost as bad as cannibalism

Taylor states her reasons lucidly as well — that Harris stands for women’s rights supporting IVF, and the right of a women to do what she wants with her body(guessing this is abortion rights), all issues dear to Taylor’s heart!

Additionally, she was encouraged by Harris’s support for LGBTQ+ rights.

But it wasn’t just about policies. Swift also emphasized the calm, composed vibe Harris brings to the political arena, which was a stark contrast to the chaos she associates with Trump’s leadership.

In the end, it’s clear: Taylor Swift made a conscious, well-reasoned decision in choosing Kamala Harris.

Source. Screenshot of Taylors instagram post declaring who she is voting for as President

There’s more in the article that Trump said he liked Taylor Swift’s songs 25% less because she does not support him as President. I sense Trump’s immaturity here, an ugly tendency of his to want to win spreading fake news, and spreading HATE as well.

So, these instances shed light on Trump’s nature, one definitely can’t believe Trump champions crypto in true sense.

Whoever becomes President needs to permit Web3 to mark it’s space freely!

I end here… I am sure I missed out on other Trump news but this is enough to make my point, on Trump sidelining my attention as he becomes news story in every place I do my reading — crypto potato, twitter or Indian newspaper Deccan Herald!

Regardless of who becomes the next President, I hope they appoint a new Fed Chairman who will establish regulations for Web3, supporting the growth of Web3 companies and the ecosystem. It’s important that people are free to use dapps and hold cryptocurrencies, while also being protected from bad actors.

Kamala Harris has the support of Coinbase and other Web3 businesses. I hope she fulfills [her promise](https://beincrypto.com/ripple-coinbase-2024-election-crypto-donation/) to support policies that encourage the growth of businesses, jobs, and industries, including Web3 and AI.

Transparent Disclosure that I publish my content in multiple platforms -

Hive — https://ecency.com/hive-150329/@mintymilecan
Publish0x — https://www.publish0x.com/@greenchic
Medium — https://medium.com/@kikctikcy
t2World — https://app.t2.world/

Thankyou for reading! Upvote if you enjoyed my piece!

Entertainment & Dramas from the USA — Fed Rates, Trump’s crypto showoff, SEC & More… was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

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